SQM is in the bag



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Series B of the non-metallic miner closed the session with a drop of 6.06%, a figure that reached almost 10%

The lithium price again warns investors after a major miner has given a signal that prices will fall, prompting a surge in lithium-related stocks. In this way, SQM was one of the most punished shares, which also affected IPSA S & P / CLX.

As a result, the non-metallic mining series B closed the session with a drop of 6.06%, which at some point reached almost 10%, which generated a stock market consultation before the sudden move.

"We do not know of any event or event that could explain the change in share prices," the company's general manager, Patricio de Solminihac, said in the response letter.

According to local market operators, the sale comes from foreigners, through the ADR, amid a renewal of concerns about the state of the lithium price.

These results are in line with world lithium producers after mining company Orocobre, which has operations in Argentina, has warned of a drop in the price of lithium carbonate sold.

The company indicated that in the last quarter it would get US $ 10,800 per ton, which represents a sharp drop of 25% from the US $ 14,699 obtained in the period from April to September.

SQM was not the only one who fell. And is that the actions in cascade with which Julio Ponce Lerou is the maximum shareholder of the company, also suffered from the prospects of a lower lithium price. And it is with lower SQM revenue that it could lower the dividends, the main income of these companies. For example, Oro Blanco fell 5.55% and Calichera 5.26%.

In addition, these losses had an impact on the S & P / CLX IPSA, which ended with a loss of 1.11% to 5,053.17 points.

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